XTX Topco Ltd Buys 50,762 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

XTX Topco Ltd lifted its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 470.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,541 shares of the company’s stock after acquiring an additional 50,762 shares during the quarter. XTX Topco Ltd’s holdings in Cannae were worth $1,128,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Continental Advisors LLC boosted its stake in shares of Cannae by 0.3% during the 4th quarter. Continental Advisors LLC now owns 239,623 shares of the company’s stock worth $4,759,000 after acquiring an additional 624 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Cannae by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 13,089 shares of the company’s stock worth $240,000 after acquiring an additional 777 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cannae by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,060 shares of the company’s stock worth $637,000 after acquiring an additional 1,151 shares in the last quarter. Crescent Grove Advisors LLC boosted its stake in shares of Cannae by 0.4% during the 1st quarter. Crescent Grove Advisors LLC now owns 325,479 shares of the company’s stock worth $5,966,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Cannae by 81.4% during the 1st quarter. Spire Wealth Management now owns 4,100 shares of the company’s stock worth $75,000 after acquiring an additional 1,840 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Price Performance

NYSE CNNE opened at $20.71 on Friday. Cannae Holdings, Inc. has a twelve month low of $15.91 and a twelve month high of $22.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $1.30 billion, a PE ratio of -3.94 and a beta of 1.06. The stock has a 50-day simple moving average of $20.45 and a 200 day simple moving average of $19.06.

Cannae (NYSE:CNNE) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.03). Cannae had a negative return on equity of 4.86% and a negative net margin of 73.64%. The business had revenue of $103.20 million for the quarter, compared to analyst estimates of $105.30 million. During the same period in the prior year, the firm posted ($1.27) EPS. Cannae’s revenue for the quarter was down 6.8% on a year-over-year basis. Research analysts anticipate that Cannae Holdings, Inc. will post -3.14 EPS for the current year.

Cannae Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, June 16th. Cannae’s payout ratio is currently -9.13%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their price target on Cannae from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th.

About Cannae

Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.